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REGISTERED NUMBER: 01864616 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

B. COOKSON LIMITED

B. COOKSON LIMITED (REGISTERED NUMBER: 01864616)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B. COOKSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: C Cookson
B Cookson Jnr





SECRETARY: B Cookson Jnr





REGISTERED OFFICE: Caxton Road
Fulwood
Preston
Lancashire
PR2 9ZB





REGISTERED NUMBER: 01864616 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

B. COOKSON LIMITED (REGISTERED NUMBER: 01864616)

BALANCE SHEET
31 MAY 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 20,000
Tangible assets 5 1,935,700 1,852,395
1,950,700 1,872,395

CURRENT ASSETS
Stocks 132,555 65,123
Debtors 6 2,162,729 1,662,204
Cash at bank and in hand 381,435 298,724
2,676,719 2,026,051
CREDITORS
Amounts falling due within one year 7 2,395,299 1,729,105
NET CURRENT ASSETS 281,420 296,946
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,232,120

2,169,341

CREDITORS
Amounts falling due after more than one
year

8

(171,085

)

(303,575

)

PROVISIONS FOR LIABILITIES (109,759 ) (65,031 )
NET ASSETS 1,951,276 1,800,735

CAPITAL AND RESERVES
Called up share capital 20,001 20,001
Revaluation reserve 9 690,253 690,253
Retained earnings 1,241,022 1,090,481
1,951,276 1,800,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

B. COOKSON LIMITED (REGISTERED NUMBER: 01864616)

BALANCE SHEET - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2024 and were signed on its behalf by:




B Cookson Jnr - Director



C Cookson - Director


B. COOKSON LIMITED (REGISTERED NUMBER: 01864616)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

B. Cookson Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal trading address of the company is considered to be the same address as the Registered Office.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - not provided
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


B. COOKSON LIMITED (REGISTERED NUMBER: 01864616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 25,000
AMORTISATION
At 1 June 2022 5,000
Charge for year 5,000
At 31 May 2023 10,000
NET BOOK VALUE
At 31 May 2023 15,000
At 31 May 2022 20,000

B. COOKSON LIMITED (REGISTERED NUMBER: 01864616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 June 2022 1,500,000 1,007,545 2,507,545
Additions - 244,522 244,522
Disposals - (112,176 ) (112,176 )
At 31 May 2023 1,500,000 1,139,891 2,639,891
DEPRECIATION
At 1 June 2022 - 655,150 655,150
Charge for year - 106,732 106,732
Eliminated on disposal - (57,691 ) (57,691 )
At 31 May 2023 - 704,191 704,191
NET BOOK VALUE
At 31 May 2023 1,500,000 435,700 1,935,700
At 31 May 2022 1,500,000 352,395 1,852,395

Cost or valuation at 31 May 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2009 140,254 - 140,254
Valuation in 2018 550,000 - 550,000
Cost 809,746 1,139,891 1,949,637
1,500,000 1,139,891 2,639,891

If Freehold property had not been revalued they would have been included at the following historical cost:

31/5/23 31/5/22
£    £   
Cost 809,746 809,746

Freehold property was valued on an open market basis on 31 May 2018 by Charles D Bell MRICS of Morgan Martin .

B. COOKSON LIMITED (REGISTERED NUMBER: 01864616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 June 2022 374,866
Disposals (65,000 )
Transfer to ownership (75,580 )
At 31 May 2023 234,286
DEPRECIATION
At 1 June 2022 175,827
Charge for year 64,504
Eliminated on disposal (16,419 )
Transfer to ownership (55,980 )
At 31 May 2023 167,932
NET BOOK VALUE
At 31 May 2023 66,354
At 31 May 2022 199,039

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade debtors 1,236,446 1,131,738
Other debtors 926,283 530,466
2,162,729 1,662,204

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Bank loans and overdrafts 171,970 26,047
Hire purchase contracts 75,361 57,355
Trade creditors 1,742,290 1,187,369
Taxation and social security 78,217 119,079
Other creditors 327,461 339,255
2,395,299 1,729,105

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/23 31/5/22
£    £   
Bank loans - 171,544
Hire purchase contracts 171,085 132,031
171,085 303,575

B. COOKSON LIMITED (REGISTERED NUMBER: 01864616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

9. RESERVES
Revaluation
reserve
£   
At 1 June 2022
and 31 May 2023 690,253